Normalized Trend Reversal Multi Time Frame MT4
- Indicators
- Tino Viehweg
- Version: 1.0
- Activations: 5
Normalized Trend Reversal Multi Time Frame Indicator (NTR MTF Indicator) MT4
The NTR MTF Indicator has been developed as the exceptionally reliable trend reversal indicator.
The NTR MTF Indicator suits with all Forex currency pairs and metals and can match with all kinds of time frame charts.
NTR MTF Indicator generates the signal using a crossover of two modified moving average systems in a separate window.
These average levels are called the NTR MTF Indicator.
The blue average level is called the fast NTR MTF Indicator and the slow NTR MTF Indicator is plotted as red average levels.
Whenever the fast blue NTR MTF Indicator crosses above the slower red NTR MTF Indicator then it is considered as the bullish crossover signalling a buy entry to the market.
On the other hand, a bearish crossover occurs when the slow red NTR MTF Indicator crosses and holds above the fast blue one.
There is a support group for buyers, ask for it in the comments.
General information
The NTR MTF Indicator has a coaching function.
This means that the indicator itself shows you trade examples already on the currently installed chart.
Entries and exits are visualized and visibly connected by dashed lines.
So, you can constantly improve your trading with the NTR MTF Indicator.
We recommend this ECN account for getting the best results, as the NTR MTF Indicator has been optimized with the ECN data feed of the broker Roboforex.
Parameters
In the settings the respective TimeFrame, the Normalization Period, and the Overbought / Oversold Level can be set for the NTR MTF Indicator.
With the Normalization Period you can set the period in which the normalization of the values if the NTR MTF Indicator should be applied.
This normalization serves to exclude false signals, e.g., when the market is in a flat phase.
Due to this normalization of the current average level, the possibility of simple and precise market entry can be provided.
